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    Mike Phillips • Oppenheimer & Co. Inc.

    Mike Phillips's questions to American Integrity Insurance Group Inc (AII) leadership

    Mike Phillips's questions to American Integrity Insurance Group Inc (AII) leadership • Q2 2025

    Question

    Mike Phillips of Oppenheimer & Co. Inc. asked about the operational impacts of expanding into the Tri-County region and the sustainability of the company's low core loss ratio.

    Answer

    President Jon Ritchie stated that the company's platform is built to scale and does not anticipate material changes to staffing or operational expenses for the Tri-County expansion. Regarding the loss ratio, both Jon Ritchie and Founder & CEO Bob Ritchie explained that while they believe current results reflect the full benefit of legislative reforms on a pure premium basis, future improvements could come from factors like lower reinsurance costs.

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    Mike Phillips's questions to American Integrity Insurance Group Inc (AII) leadership • Q1 2025

    Question

    Mike Phillips inquired about the normalization of the claims environment, specifically regarding current litigation frequency trends, and asked about the company's strategy for expanding into Broward and Miami-Dade counties.

    Answer

    Founder & CEO Robert Ritchie and President Jon Ritchie responded. Robert Ritchie stated that litigation trends saw an immediate and significant reduction following the December 2022 reforms, with new lawsuits dropping and a hastened finalization of the existing inventory. Jon Ritchie added that this reduction in litigation frequency was observed in both non-catastrophe and catastrophe claims. Regarding expansion, Robert Ritchie detailed a strategy for entering South Florida by leveraging existing new homebuilder agent relationships and appointing new agents, all while maintaining strict underwriting standards.

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